CAD / JPY: bearish trend, mid-term correction of downtrend.
The price was under the diagonal support, where there is already closed bar at 4 hours
Indicators in negative territory, CCI is below 0.
The last few days the pair consolidates but it couldn’t pass below current levels, therefore in order to avoid increasing the risk of recurrence of consolidation bide mild correction around 90.41 to sell.
Moving Averages in bearish formation
Sentiment: equity markets remain volatile and cautious in anticipation of Nonfarm Payrolls data from the US at 15:30
Stefan D. Angelov - Head of Stocks Trading
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